SOCAR and Netherlands Fugro have reached an agreement to create a new joint venture (JV) to perform bathymetric, geophysical and geotechnical studies, Fugro company reported.
The statement reads that the JV will be supplying the autonomous underwater devices and remotely operated transportations, provide diving services and other services both onshore and offshore Azerbaijan.
The agreement to form SOCAR-Fugro, in which 51% share is owned by SOCAR is based on the initial agreement, which was signed in 1995, concerning creation of a joint venture Azeri Fugro.
Azeri-Fugro JV provides a wide range of geotechnical and ecological services in the Caspian Sea region, which are required for the oil exploration. It uses experience of the entire group of Fugro Group companies to receive access to a wide range of knowledge of specialists and resources within the framework of any operating Fugro company.—0—
Economics
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Rashad Huseynov has been appointed as the new director of the Center for Agricultural Research under the Ministry of Agriculture, replacing Firdousi Fikretzade who led the center since 2019. Fikretzade stepped down from his position on June 10 at his own request.
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Since July 1, bus and metro fares have increased by 10 qəpik, reaching 50 qəpik. The fare for buses on the Baku-Sumgayit route has risen from 60 qəpik to 70 qəpik. However, it is reported that there has been no improvement in service quality following the price increase. According to complaints, air conditioners are not working on buses operating in the periphery, and overcrowding persists.
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Rovshan Najaf, President of the State Oil Company of the Republic of Azerbaijan (SOCAR), held a meeting with Bojan Kumer, Slovenia's Minister of Environment, Climate and Energy, to discuss bilateral cooperation in the energy sector.
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Azerbaijani Energy Minister Parviz Shahbazov met with a delegation led by the World Bank's Regional Director for the South Caucasus, Roland Price, to discuss the development of cooperation in the energy sector.
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